Cryptocurrency has gone mainstream in the U.S., and the era of hyper-adoption will come soon

The Super Bowl finals ended yesterday, and the Los Angeles Rams won the championship. As people in the cryptocurrency circle, what we care about is of course not the Super Bowl itself, but the advertising effects of the cryptocurrency exchanges in the Super Bowl venue. CoinbasesCrypto.com and FTX, the three major US compliant crypto exchanges, all appeared on the screen. Among them, Coinbase spent $14 million to run this advertisement. In the 60 seconds of its display, the number of clicks exceeded 20 million times, which was several times higher than the predicted value of the previous load test, becoming an unprecedented event in history. Coinbase had a short downtime last night due to traffic overload. This indicates that cryptocurrency has become mainstream in the United States, and the super adoption period will soon come. With such an increase, we don’t need to worry about whether the future will be bullish or bearish. In such a bonus period, as long as you dare to hold it as an asset, you will definitely get the due return.

Russian regulators have clarified the regulation of cryptocurrencies. The central bank, the Ministry of Finance and the government have jointly discussed the regulation of cryptocurrencies, stating that the use of cryptocurrencies as a means of payment will be prohibited, and other aspects will be regulated. Russia has basically become a new power in the crypto world.

The Israel Securities Authority will develop a cryptocurrency regulatory plan, believing that cryptocurrency should be a security and that cryptocurrency and blockchain technology are two separate phenomena. It seems that the Israeli regulator still does not understand what blockchain technology is in the final analysis. We will see him change his mind in the future. In any case, it is okay to treat cryptocurrency as a security, at least not a total ban.

UBS believes that it will take a long time for the U.S. Congress to pass cryptocurrency legislation due to the complexity of cryptocurrencies and the continued differences in the regulation of crypto assets.

Madman predicts that it will be difficult for ETFs to pass before there are crypto laws in the United States, so just be patient and wait.

Buffett talked about Bitcoin again, saying that holding Bitcoin is like being on a long-term leaking boat, and changing the boat would be more efficient than repairing the leak. Anyway, he is still pessimistic. Every industry that is subverted by cryptocurrency is not happy. The wealth of Mr. Buffett and Mr. Munger is surpassed by the young people in the cryptocurrency circle in a minute. They must feel bad after working hard all their lives, but this is the sign of the development of the times. What they are not optimistic about does not mean it is really bad.

Robinhood said that international expansion will prioritize cryptocurrency because it is a shortcut to international expansion. In the future, more and more Internet brokers will join this ranks, which is their unique gene and development direction.

Intel is developing computers specifically for mining Bitcoin. They hope that the computing power of the ASICS mining machines they invent will be 1,000 times that of mainstream GPU mining machines. If this is really accomplished, the Bitcoin mining industry will be completely subverted. For Bitcoin, it will be more efficient and cleaner. For the industry, the internal circulation has just begun.

Tyler Cowen, a famous American economist, said that he has changed from a crypto skeptic to a crypto optimist. People who really study cryptocurrencies will eventually choose to embrace them because they have a strong ability to disrupt. When you understand and learn about them, you can naturally see the shape of the future world, which is itself part of the development process.

Panic Greed 46, still panic.